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SIMONS TOWN DEVELOPMENT PLOT FOR SALE



Call / whatsapp Mike 060 838 6797

email: mike@twowayflowconnections.co.za

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NO CHANCERS AND NO TIME WASTERS ---- Serious about business



This is an opportunity of a life time in a very exclusive area to build luxurious homes with UNLIMITED EARNING PROFIT POTENTIAL FOR YOU



Potential of plot

Size of plot: 5436 square meters

Price for plot - R35,000,000 MILLION



ALL DOCUMENTS are in place

1. Plans

2. Proposal

3. Projections for development including land value, expenses

4. Zoning

5. Unit Breakdown

6. Title Deeds

7. Reservoir approval signed by Head District of City of Cape Town

8. Conveyancer Certificate

9. Subdivision approval from Simons town Municipality

10. HM approval - Cape Town Metropolitan

11. Geotech report

12. Zoning Scheme

13. Rates

etc



All documents will be released and shown to potential purchase from the sellers Conveyancer ONLY once their is a letter of Intent signed and signed Offer to Purchase with an OFFER ON THE TABLE

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Potential Projection as Per Financials



Selling

Units + Balconies 6112 m2 = Rate per m2 = R35000 - Value R213,000,000
Basement Parking 160 m2 = Rate per m2 = R50,000 - Value -R 800,000,000
Construction
Units + Balconies 6112 m2 = rate per m2 = R12,500 = Value R76,400,000
Basement + Common 4350 m2 = rate per m2 = R5,500 - value R23,925.000
Total m2 10462 = value R100,325,000.00

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Land Value R35,000,000

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Average Expenses

Agents comm 3.5% - R7,487,200.00
Marketing& advertising - R1,000.000.00
Professionals 12.0% - R9,168,000.000
Legal 1,0% -R2,139,200.00
Construction - R100,325,000.00
Holding Cost - 5,000.000.00
Land - R35,000,000.00
Transfer fees 12% - R3,611,700.00
Development levy - R1,500,000.00
Eskom - R2,000.000.00
Contingency 5.0% - R5,016,250.00
Total R172,247,350.00 Expense - Total selling and construction R100,325,000.00

= Development Profit = R71,922,000.00
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PROJECTED SELLING PRICE PER UNIT

1. Plan for 14 one bedroom Units @ 48,2 square meter per unit

+- Price R1,700,000 per unit



2. 64 Two bedroom units @ 72,6 square meters

+- Price R2,400,000 per unit



We can

Arrange bond finance for you as well